(PALO ALTO, Calif., June 17, 2009)-- Sonnenschein Nath & Rosenthal LLP announced today that it served as legal adviser to Paymo, Inc., in its acquisition by BOKU, Inc. BOKU, the parent company of Mobillcash, will become the global leader in mobile payments of digital and virtual goods upon the closing of the deal. Its terms, including the purchase price, have not been disclosed.
The Sonnenschein team was led by Tom Hanley and Stephanie Zeppa of the firm’s Corporate Practice and Randy Sabett of Sonnenschein’s Internet, Communications & Data Protection and Intellectual Property & Technology Practices. The Boku team was headed by Sam Angus, a Corporate partner in the San Francisco office of Fenwick & West LLP.
Paymo, based in San Francisco, is a mobile payment system that lets consumers make purchases online and pay with their mobile phones. It operates in more than 50 countries.
“The strategic and complex nature of this deal reflects the strength of the Sonnenschein team,” said Sabett. “We helped bring together two market leaders in the innovative global business of mobile payments. Our successful involvement highlights the firm’s top-notch capabilities in working seamlessly across multiple offices and legal specializations.”
With 800 lawyers and other professionals in 13 offices in the United States and Europe, and a global reach throughout the Americas, Asia, Africa and the Middle East, Sonnenschein serves the legal and public interest needs of many of the world's best-known and most admired businesses, nonprofits and individuals. Founded in 1906, Sonnenschein is a leader in innovative legal services, serving our clients through integrated, inter-office cooperation and teamwork among practice groups to provide efficient, effective and timely legal services and business counseling. For more information, visit www.sonnenschein.com.
Media Contact:
Jeff Mutterperl
Sonnenschein Nath & Rosenthal LLP
(212) 398-8470
jmutterperl@sonnenschein.com
